Local Car Dealer, Jetcon has issued an invitation for potential investors to subscribe and purchase ordinary shares in the company’s capital.
According to company chairman, John Jackson, Jetcon is seeking to raise approximately 96 million dollars to allow for the expansion of operations.
He says the intention is to use the money raised to assist in its application to be listed on the Junior Market of the Jamaica Stock Exchange while taking advantage of business opportunities and lower costs by buying in larger volumes.
Jackson says the company believes that listing on the Junior Market of the JSE will raise its profile and enable it to strengthen its balance sheet.
The IPO opens on next Monday with shareholders being advised that they must purchase a minimum of 5-thousand shares at 2-dollars-25-cents per ordinary share.